Zacks: Brokerages Expect Synaptics, Incorporated (NASDAQ:SYNA) to Post $0.74 EPS

Analysts forecast that Synaptics, Incorporated (NASDAQ:SYNA) will post $0.74 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Synaptics’ earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $0.78. Synaptics posted earnings per share of $1.24 during the same quarter last year, which indicates a negative year over year growth rate of 40.3%. The firm is expected to report its next earnings results on Thursday, November 14th.

Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Synaptics.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.47. Synaptics had a positive return on equity of 12.74% and a negative net margin of 1.56%. The firm had revenue of $295.10 million for the quarter, compared to analyst estimates of $307.27 million. During the same period in the previous year, the company posted $1.00 earnings per share. The company’s quarterly revenue was down 24.0% compared to the same quarter last year.



SYNA has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and set a $42.00 price target on shares of Synaptics in a research note on Sunday, August 11th. JPMorgan Chase & Co. downgraded shares of Synaptics from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $35.00 to $25.00 in a research note on Friday, August 9th. ValuEngine raised shares of Synaptics from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. BMO Capital Markets lifted their price target on shares of Synaptics from $29.00 to $33.00 and gave the company a “market perform” rating in a research note on Friday, August 9th. Finally, Mizuho reaffirmed a “hold” rating and issued a $35.00 price target on shares of Synaptics in a research note on Sunday, August 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $35.33.

SYNA traded down $1.71 on Friday, hitting $33.25. 9,570 shares of the stock traded hands, compared to its average volume of 683,971. Synaptics has a 52 week low of $26.34 and a 52 week high of $48.74. The company has a current ratio of 2.88, a quick ratio of 2.25 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1.21 billion, a PE ratio of 13.36 and a beta of 1.02. The business has a fifty day moving average price of $32.02 and a two-hundred day moving average price of $34.57.

In other news, Director Nelson C. Chan sold 6,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $33.25, for a total transaction of $199,500.00. Following the completion of the sale, the director now directly owns 39,449 shares of the company’s stock, valued at $1,311,679.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.

Large investors have recently bought and sold shares of the company. Penserra Capital Management LLC boosted its holdings in Synaptics by 50.0% during the first quarter. Penserra Capital Management LLC now owns 1,185 shares of the software maker’s stock worth $47,000 after purchasing an additional 395 shares during the last quarter. TRUE Private Wealth Advisors purchased a new stake in Synaptics during the second quarter worth $56,000. US Bancorp DE boosted its position in Synaptics by 80.1% during the second quarter. US Bancorp DE now owns 2,156 shares of the software maker’s stock worth $62,000 after purchasing an additional 959 shares in the last quarter. Bank of Montreal Can boosted its position in Synaptics by 188.6% during the second quarter. Bank of Montreal Can now owns 3,495 shares of the software maker’s stock worth $102,000 after purchasing an additional 2,284 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in Synaptics during the second quarter worth $113,000. 95.66% of the stock is owned by institutional investors.

Synaptics Company Profile

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.

See Also: 52-Week High/Low

Get a free copy of the Zacks research report on Synaptics (SYNA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Synaptics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synaptics and related companies with MarketBeat.com's FREE daily email newsletter.